|
|
Public Service Enterprise Group Incorporated (NYSE: PEG) |
|
Price: $81.5300
$0.11 
0.135%
|
| Day's High:
| $81.87
| Week Perf:
| -2.12 %
|
| Day's Low: |
$ 81.06 |
30 Day Perf: |
-2.04 % |
| Volume (M): |
2,168 |
52 Wk High: |
$ 95.22 |
| Volume (M$): |
$ 176,790 |
52 Wk Avg: |
$80.69 |
| Open: |
$81.44 |
52 Wk Low: |
$64.03 |
|
|
| Market Capitalization (Millions $) |
40,765 |
| Shares
Outstanding (Millions) |
500 |
| Employees |
12,000 |
| Revenues (TTM) (Millions $) |
10,430 |
| Net Income (TTM) (Millions $) |
2,032 |
| Cash Flow (TTM) (Millions $) |
128 |
| Capital Exp. (TTM) (Millions $) |
3,367 |
Public Service Enterprise Group Incorporated
Public Service Enterprise Group Incorporated (PSEG)
Corporate Overview:
Public Service Enterprise Group Incorporated (PSEG) is an energy company based in Newark, New Jersey, incorporated in 1985. It functions as an exempt public utility holding company under the Public Utility Holding Company Act of 1935 (PUHCA). Its principal executive offices are located at 80 Park Plaza, Newark, New Jersey 07102.
Subsidiaries:
PSEG operates primarily through four direct wholly-owned subsidiaries:
1. PSE&G (Public Service Electric and Gas Company):
- Established in 1924, PSE&G is New Jersey's largest utility, providing electric and gas service to millions of customers. It operates as a franchised public utility and is the provider of last resort for gas and electric commodity service in its serviced area.
- Revenue is generated from regulated rate tariffs alongside services such as electric transmission and gas distribution, appliance services, and energy efficiency programs.
2. Power:
- Formed in 1999, this subsidiary integrates PSEGs nuclear, fossil, and renewable energy generation assets, wholesaling energy sales, fuel supply, and energy trading operations.
- The company earns revenue from the sale of electricity, natural gas, and capacity, along with emissions credits and various energy-related products.
3. Energy Holdings:
- Primarily involved in the management of PSEGs international investments and lease investment portfolios, ensuring a strategic alignment of global energy holdings.
4. PSEG Services Corporation:
- This subsidiary provides management and administrative services at cost to PSEG and its operating companies, including PSE&G, Power, and Energy Holdings.
5. PSEG Long Island LLC:
- Operates the Long Island Power Authoritys transmission and distribution system under a contractual agreement.
Business Strategy and Operations:
PSEG's strategy involves:
- Reducing future volatility in earnings and cash flows by securing long-term contracts for energy output.
- Minimizing exposure to international investments and separately monetizing those that no longer align with strategic goals.
- Investing in renewable energy projects and enhancing energy efficiency initiatives to support sustainability goals.
Competitive Environment:
PSEG operates in a competitive landscape with minimal direct competition in its regulated utility business due to the nature of public utility services, which are sourced through regulated tariffs.
In the wholesale energy markets, Power competes with various players, including:
- Merchant generators
- Utilities with generation capabilities
- Aggregators and wholesale power marketers
These competitors operate in the Pennsylvania, New Jersey, Maryland Interconnection (PJM) and extend into other regions like New York, Connecticut, and parts of the Midwest.
Regulatory and Environmental Matters:
PSEG is subject to strict regulatory oversight, as it operates in sectors heavily regulated by federal and state agencies. Its environmental initiatives are critical to its strategy, particularly in advancing renewable energy investments and reducing carbon emissions.
Customer Base:
PSE&G serves a wide range of customers, including residential, commercial, and industrial sectors. Powers clientele primarily consists of wholesale buyers in large energy markets, especially within the PJM region.
Employee Relations:
PSEG values its workforce and maintains robust employee relations, with efforts in place for workforce development, safety, and diversity initiatives.
Recent Developments:
PSEG has been active in executing strategies that align with shifts toward renewable energy, focusing on sustainability and decarbonization efforts. The company is demonstrating a progressive stance on energy efficiency and expanding its capabilities in renewable energy technologies.
Through these initiatives, PSEG is committed to remaining a leading energy utility in New Jersey and the broader Northeastern U.S. adapting to changing energy demands and regulatory landscapes while maintaining its historical service standards.
Company Address: 80 Park Plaza Newark 7102 NJ
Company Phone Number: 430-7000 Stock Exchange / Ticker: NYSE PEG
|
|
|
Customers Net Income grew by |
PEG's Customers Net Profit Margin grew to |
142.73 % |
11.38 %
|
|
|
|
|
|
|
|
| Stock Performances by Major Competitors |
|
|
|
| Public Service Enterprise Group Incorporated
In the January to March 31, 2024 financial time-frame, Public Service Enterprise Group Incorporated (PSEG) experienced a significant decline in its net profit per share, compared to the previous year. Additionally, the company observed a decrease in net profit per share from the preceding reporting season. Furthermore, PSEG witnessed a decline in revenue compared to the corresponding period a year ago, although there was sequential growth. This report will provide an overview of PSEG's financial performance for the mentioned time-frame, including profitability metrics and key financial indicators.
Financial Performance Overview:
1. Net Profit per Share:
PSEG's net profit per share drastically plummeted by 58.91%, declining from $2.58 per share to $1.06 per share compared to the same period last year. Additionally, it decreased by 2.93% from $1.09 per share during the preceding reporting season.
|
| Public Service Enterprise Group Incorporated
Public Service Enterprise Group Incorporated (PEG) reported a disappointing financial fourth quarter of 2023, with a drop in both top and bottom-line figures. The company's income per share decreased by 30.85%, while revenue fell by 17.012% year on year. In comparison to the financial three months ending December 31, 2022, revenue decreased from $3.14 billion to $2.61 billion, and EPS dropped from $1.58 to $1.09.
While PEG faced challenges in the fourth quarter, the Electric Utilities industry as a whole saw a revenue gain during the same period. The company did experience positive growth compared to the previous three months, with EPS increasing by 304.44% from $0.27 per share and revenue advancing by 6.067% from $2.46 billion.
|
| Public Service Enterprise Group Incorporated
Public Service Enterprise Group Incorporated (PEG) has shown improvement in its shares over the last five trading days, with a 1.77% increase. However, its year-to-date performance remains negative at -0.63%. Additionally, the shares are currently 5.8% below their 52-week high.
One of the key factors contributing to the positive performance of PEG is its revenue growth. In the financial three months closing on September 30, 2023, the company reported an 8.099% increase in revenue, reaching $2.46 billion compared to $2.27 billion in the previous year. This growth also translated into a 22.73% increase in bottom-line growth, with earnings per share (EPS) rising to $0.27 from $0.22 in the prior year quarter.
|
| Public Service Enterprise Group Incorporated
Public Service Enterprise Group Incorporated (PSEG) has recently reported impressive financial numbers for the period of April to June 30, 2023. The electric utilities company has displayed a positive trend in terms of revenue and net profit per share during this period.
PSEG's revenue for the mentioned period reached $2.42 billion, reflecting a significant increase of 16.618% compared to the previous year. However, the company experienced a decline of -35.526% quarter on quarter. Despite this decline, PSEG stands out as most entities in the electric utilities sector struggle with diminishing businesses and declining revenue.
|
| Public Service Enterprise Group Incorporated
Public Service Enterprise Group Incorporated, or PEG, has had a solid first quarter of 2023 earnings season, recording earnings per share of $2.58, compared to $0.00 in the previous year's reporting period. This represents a significant increase of 63.38% from the previous reporting period. The company also recorded strong revenue growth, with revenue of $3.76 billion, an increase of 62.343% from the previous year's reporting period and a sequential improvement of 19.624% from the previous reporting period.
One notable improvement for PEG was their net income, which came in at $1,287.000 million, a significant improvement from their net loss of $-2.000 million in the same reporting period a year ago. The company also highlighted its improving profit margins, with a net margin of 34.27% in the first quarter of 2023 earnings season, compared to 0.00% in the previous year's reporting period. The operating margin also increased to 43.89%.
|
| Per Share |
Current |
| Earnings (TTM) |
4.06 $ |
| Revenues (TTM) |
20.86 $
|
| Cash Flow (TTM) |
0.26 $ |
| Cash |
0.41 $
|
| Book Value |
32.19 $
|
| Dividend (TTM) |
2.36 $ |
|
|
| Per Share |
|
| Earnings (TTM) |
4.06 $
|
| Revenues (TTM) |
20.86 $ |
| Cash Flow (TTM) |
0.26 $ |
| Cash |
0.41 $
|
| Book Value |
32.19 $ |
| Dividend (TTM) |
2.36 $ |
|
|
| |
| Eliminations |
|
 -3.03 % |
of total Revenue |
| Electric Distribution Contracts |
|
53.22 % |
of total Revenue |
| Gas Distribution |
|
6.13 % |
of total Revenue |
| Electric Transmission |
|
16.69 % |
of total Revenue |
| Electricity and Related Products PJM Third Party Sales |
|
7.8 % |
of total Revenue |
| Electricity and Related Products PJM Sales to Affiliates Eliminations |
|
-1.82 % |
of total Revenue |
| Gas Sales Third Party Sales |
|
1.7 % |
of total Revenue |
| Gas Sales Sales to Affiliates Eliminations |
|
-1.17 % |
of total Revenue |
| Other Revenues from Contracts with Customers |
|
10.11 % |
of total Revenue |
| Other Revenues from Contracts with Customers Eliminations |
|
-0.04 % |
of total Revenue |
| Public Service Electric and Gas Company |
|
80.96 % |
of total Revenue |
| Public Service Electric and Gas Company Electric Distribution Contracts |
|
53.22 % |
of total Revenue |
| Public Service Electric and Gas Company Gas Distribution |
|
6.13 % |
of total Revenue |
| Public Service Electric and Gas Company Electric Transmission |
|
16.69 % |
of total Revenue |
| Public Service Electric and Gas Company Other Revenues from Contracts with Customers |
|
3.29 % |
of total Revenue |
| PSEG Power Other |
|
22.07 % |
of total Revenue |
| PSEG Power Other Electricity and Related Products PJM Third Party Sales |
|
7.8 % |
of total Revenue |
| PSEG Power Other Electricity and Related Products PJM Sales to Affiliates |
|
1.82 % |
of total Revenue |
| PSEG Power Other Gas Sales Third Party Sales |
|
1.7 % |
of total Revenue |
| PSEG Power Other Gas Sales Sales to Affiliates |
|
1.17 % |
of total Revenue |
| PSEG Power Other Other Revenues from Contracts with Customers |
|
6.85 % |
of total Revenue |
|
|
0.23%